(1) Except as provided in Title 60, chapter 7, part 2, for the highways referred to in 60-7-201, a person owning, controlling, or in possession of livestock or a person owning property has no duty to keep livestock from wandering on highways and is not subject to liability for damages to any property or for injury to a person caused by an accident involving a motor vehicle and livestock unless the owner of the livestock or property was grossly negligent or engaged in intentional misconduct.
(2) As used in this section, the following definitions apply:
(a) "Highway" has the meaning provided in 60-1-103 (17);
(b) "Livestock" has the meaning provided in 15-1-101; and
(c) "Person" means an individual, partnership, corporation, limited liability company, limited liability partnership, or association.